Crombie Real Estate Investment Trust (TSE:CRR.UN) Shares Pass Below 200-Day Moving Average – Time to Sell?

Crombie Real Estate Investment Trust (TSE:CRR.UN) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$14.23 and traded as low as C$13.20. Crombie Real Estate Investment Trust shares last traded at C$13.37, with a volume of 91,769 shares traded.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. National Bankshares upped their price objective on shares of Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a research report on Wednesday, October 9th. BMO Capital Markets lifted their price objective on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a report on Monday, October 28th. Finally, Raymond James upgraded Crombie Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and lowered their price target for the company from C$17.25 to C$16.75 in a research report on Monday, January 13th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Crombie Real Estate Investment Trust presently has an average rating of “Buy” and an average price target of C$16.06.

Crombie Real Estate Investment Trust Stock Performance

The company’s fifty day moving average is C$13.82 and its 200 day moving average is C$14.23. The company has a current ratio of 0.14, a quick ratio of 0.11 and a debt-to-equity ratio of 120.87. The company has a market cap of C$1.44 billion, a P/E ratio of -47.75 and a beta of 0.95.

Crombie Real Estate Investment Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 14th will be paid a $0.0742 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 6.66%. The ex-dividend date is Friday, January 31st. Crombie Real Estate Investment Trust’s dividend payout ratio (DPR) is presently -317.86%.

About Crombie Real Estate Investment Trust

Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets.